Topic: | Re:So what? | |
Posted by: | Sam Hearn Cllr | |
Date/Time: | 26/04/12 18:20:00 |
Sorry Thomas - surely also obvious what happens when you try to spend your way to prosperity when you are already deeply in debt e.g. Greece, Spain, Italy, Portugal, Ireland, Argentina etc. The problem is a structual budget deficit or to put it in plain language, even in the good times the government was spending more than it could afford by sucking resources out of the private sector and borrowing on a truly heroic scale. Now that we are in "bad times" current Government spending is completely unsustainable. We are not in the 1930s but in 2012 and the State is spending nearly 48p of every £1 that the Nation spends. Absolutely crazy. |